DR. I. BAMBUST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DR. I. BAMBUST
Largest movements
- Tangible fixed assets -€48,926
down €48,926 (-15.2%), from €321,279 to €272,352
of which Other tangible fixed assets: -€48,560
- Deferred charges and accrued income +€36,206
up €36,206 (+52.8%), from €68,511 to €104,717
- Cash +€19,673
up €19,673 (+20.9%), from €94,152 to €113,825
mainly Net result for the year (+€93,429) and Depreciation (+€48,926)
- Reserves +€71,329
up €71,329 (+42.4%), from €168,298 to €239,627
- Debts after one year -€67,771
down €67,771 (-29.4%), from €230,653 to €162,882
- Tax, wage and social debts +€12,703
up €12,703 (+857%), from €1,482 to €14,185
- Other debts -€11,382
down €11,382 (-19.8%), from €57,603 to €46,221
- Gross operating margin +€79,290
up €79,290 (+70.9%), from €111,860 to €191,150
- Taxes +€24,362
up €24,362 (+159%), from €15,367 to €39,729
- Financial charges -€2,752
down €2,752 (-21.6%), from €12,768 to €10,016
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €543,992 | €550,944 | +€6,952 | +1.3% |
| Fixed assets | 21/28 | €321,329 | €272,402 | -€48,926 | -15.2% |
| Tangible fixed assets | 22/27 | €321,279 | €272,352 | -€48,926 | -15.2% |
| Plant, machinery and equipment | 23 | €383 | €167 | -€216 | -56.5% |
| Furniture and vehicles | 24 | €306 | €156 | -€150 | -49.1% |
| Other tangible fixed assets | 26 | €320,590 | €272,030 | -€48,560 | -15.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €222,664 | €278,542 | +€55,878 | +25.1% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €94,152 | €113,825 | +€19,673 | +20.9% |
| Deferred charges and accrued income | 490/1 | €68,511 | €104,717 | +€36,206 | +52.8% |
| Total equity and liabilities | 10/49 | €543,992 | €550,944 | +€6,952 | +1.3% |
| Equity | 10/15 | €180,698 | €252,027 | +€71,329 | +39.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €168,298 | €239,627 | +€71,329 | +42.4% |
| Distributable reserves | 133 | €168,298 | €239,627 | +€71,329 | +42.4% |
| Amounts payable | 17/49 | €363,294 | €298,917 | -€64,377 | -17.7% |
| Amounts payable after more than one year | 17 | €230,653 | €162,882 | -€67,771 | -29.4% |
| Financial debts | 170/4 | €230,653 | €162,882 | -€67,771 | -29.4% |
| Amounts payable within one year | 42/48 | €132,641 | €136,035 | +€3,394 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €65,707 | €67,771 | +€2,064 | +3.1% |
| Trade debts | 44 | €7,849 | €7,858 | +€9 | +0.1% |
| Suppliers | 440/4 | €7,849 | €7,858 | +€9 | +0.1% |
| Taxes, remuneration and social security | 45 | €1,482 | €14,185 | +€12,703 | +857% |
| Taxes | 450/3 | €1,482 | €14,185 | +€12,703 | +857% |
| Other amounts payable | 47/48 | €57,603 | €46,221 | -€11,382 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,003 | €48,926 | -€76 | -0.2% |
| Other operating charges | 640/8 | €384 | €344 | -€40 | -10.5% |
| Gross operating margin | 9900 | €111,860 | €191,150 | +€79,290 | +70.9% |
| Operating profit (loss) | 9901 | €62,473 | €141,879 | +€79,406 | +127% |
| Financial income | 75/76B | €1,930 | €1,295 | -€635 | -32.9% |
| Recurring financial income | 75 | €1,930 | €1,295 | -€635 | -32.9% |
| Financial charges | 65/66B | €12,768 | €10,016 | -€2,752 | -21.6% |
| Recurring financial charges | 65 | €12,768 | €10,016 | -€2,752 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €51,636 | €133,159 | +€81,523 | +158% |
| Income taxes | 67/77 | €15,367 | €39,729 | +€24,362 | +159% |
| Profit (loss) for the period | 9904 | €36,269 | €93,429 | +€57,161 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €36,269 | €93,429 | +€57,161 | +158% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.